Compliance & Taxation

1. Preparation of Tax Audit
2. Preparing and filing of GSTR-9 & 9C
3. Preparing and filing of GSTR Return (GSTR-1 & 3B)
4. Preparing and filing of TDS/TCS Return
5. Preparing and filing of Income Tax Return…etc various things

GSTR-9 and GSTR-9C are indirect taxes of India. GSTR-9 is an annual return, which is signed by a specified authority (auditor, self or CMA) and is a reconciliation statement. An important feature of both the forms is that they can be filed only once. There is no amendment in this.

GSTR-9C is dependent on GSTR-9 annual return. Therefore auditing takes place after the annual returns. Also, taxpayers have to remember that the return can be filed only once and there is no provision to amend this return.

GSTR-9 is an annual return that is required to be filed by all registered taxpayers. GSTR-9C, on the other hand, is an annual reconciliation statement under GST which is certified by the CA and self.

A. Check sales and purchase as per audited B/s.

B. Check RCM (Reverse Chage Mechanism)
     1 Paid to Advocate under 18% RCM
     2 Paid to freight and cartage under GTA Act, @5%
     3 Paid to Director sitting fee @18%
     4 Paid to insurance/commission agent @18%

c. Check Capital goods ITC

d. Check ineligible ITC
     1 vehicle Repairing & Maintenance
     2 Staff welfare Expenses
     3 Festival Expenses

e. Check credit & debit note

f. Check amendment invoice

g. Check ITC booked in previous year but claim next year

h. Check ITC claimed but entry not booked

i. Check ITC claimed but amendment/debit & credit not next year

j. Check all expenses related ITC which is claimed or not claimed